Analysts predict more declines in housing demand

 

Miami, FL-“The recent bond rally is good news for the secondary market, but it may be an unsustainable trend, as analysts predict more declines in the housing industry, potentially sapping mortgage-backed bonds.“ Explains Jacob Gafney from housingwire.com.

The feeling among realtors, economists, and the public in general is that the housing market will keep looking down. Considering that attempts made through modification of loans, and tax credits, and other incentive provided by the government have not done a lot for the struggling homeowner, people have little hope in any future attempts to fix this mortgage crisis. The National Association of Realtors reported that home sales for July dropped 27% (3.83 million annually) to its lowest rate since NAR began tracking, after the homebuyer tax credit was introduced.>>READ MORE

Posted via email from WESTCHESTER COUNTY DISTRESSED PROPERTY INFORMATION